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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the three months ended March 31, 2017, by reportable business segment, were as follows:
 
 
Fluid &
Metering
Technologies
 
Health &
Science
Technologies
 
Fire & Safety/
Diversified
Products
 
Total
Balance at December 31, 2016
$
573,437

 
$
699,299

 
$
359,856

 
$
1,632,592

Foreign currency translation
3,068

 
5,732

 
3,474

 
12,274

Acquisition adjustments

 
636

 
63

 
699

Balance at March 31, 2017
$
576,505

 
$
705,667

 
$
363,393

 
$
1,645,565

Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset
The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets at March 31, 2017 and December 31, 2016:
 
 
At March 31, 2017
 
 
 
At December 31, 2016
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
$
9,863

 
$
(6,809
)
 
$
3,054

 
11
 
$
9,856

 
$
(6,635
)
 
$
3,221

Trade names
114,403

 
(44,714
)
 
69,689

 
16
 
113,428

 
(42,653
)
 
70,775

Customer relationships
334,735

 
(130,996
)
 
203,739

 
12
 
369,087

 
(161,065
)
 
208,022

Unpatented technology
102,260

 
(41,392
)
 
60,868

 
12
 
106,747

 
(44,516
)
 
62,231

Other
829

 
(496
)
 
333

 
10
 
6,527

 
(6,172
)
 
355

Total amortized intangible assets
562,090

 
(224,407
)
 
337,683

 
 
 
605,645

 
(261,041
)
 
344,604

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 

 
62,100

 
 
 
62,100

 

 
62,100

Akron Brass trade name
28,800

 

 
28,800

 
 
 
28,800

 

 
28,800

Total intangible assets
$
652,990

 
$
(224,407
)
 
$
428,583

 
 
 
$
696,545

 
$
(261,041
)
 
$
435,504